GSA Capital Partners LLP reduced its holdings in shares of StealthGas Inc. (NASDAQ:GASS - Free Report) by 83.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,110 shares of the shipping company's stock after selling 130,971 shares during the quarter. GSA Capital Partners LLP owned approximately 0.07% of StealthGas worth $178,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sei Investments Co. lifted its holdings in StealthGas by 37.6% during the 2nd quarter. Sei Investments Co. now owns 26,412 shares of the shipping company's stock worth $194,000 after purchasing an additional 7,222 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of StealthGas by 21.0% during the 1st quarter. Russell Investments Group Ltd. now owns 54,736 shares of the shipping company's stock worth $325,000 after buying an additional 9,512 shares in the last quarter. EntryPoint Capital LLC acquired a new position in shares of StealthGas during the 1st quarter worth $62,000. Virtu Financial LLC acquired a new position in shares of StealthGas during the 1st quarter worth $64,000. Finally, Inspire Advisors LLC raised its holdings in shares of StealthGas by 41.3% during the 2nd quarter. Inspire Advisors LLC now owns 55,072 shares of the shipping company's stock worth $405,000 after buying an additional 16,085 shares in the last quarter. 66.32% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered StealthGas from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 15th.
View Our Latest Research Report on StealthGas
StealthGas Price Performance
GASS stock traded down $0.13 during midday trading on Monday, reaching $5.92. 399,922 shares of the stock were exchanged, compared to its average volume of 151,534. The stock has a market capitalization of $217.51 million, a PE ratio of 3.19 and a beta of 0.83. StealthGas Inc. has a 52 week low of $5.59 and a 52 week high of $8.84. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.50 and a quick ratio of 2.43. The company has a fifty day moving average price of $6.38 and a 200 day moving average price of $6.71.
StealthGas (NASDAQ:GASS - Get Free Report) last issued its quarterly earnings data on Thursday, September 5th. The shipping company reported $0.70 earnings per share for the quarter. The business had revenue of $39.12 million for the quarter. StealthGas had a return on equity of 11.63% and a net margin of 44.79%.
StealthGas Company Profile
(
Free Report)
StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, as well as ammonia; refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel; and edible oils and chemicals.
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